EUR/USD drops from 1.0626 to 1.0612, losing 13 pips (0.13%) today.
Amid the market gloom, United States Building Permits (Nov) released yesterday at 13:30 UTC with a figure of 1.34 million, while the previous figure was 1.51 million. Germany Producer Price Index released earlier showed a marked improvement to -3.9% from the preceding data of -4.2%, but fell short of the -2.5% figure forecast by a consensus of market analysts. United States API Weekly Crude Oil Stock came out at -3 million, while a consensus of analysts was expecting -167,000.
Positive performances can be seen by looking at other currencies as GBP/NZD jumps 0.49% to trade around 1.9291. USD/JPY is up 0.38% to 132.23. EUR/NZD rises 0.48% to trade around 1.6822.
Some optimism can drawn from the fact that today at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -1.66 million from the preceding figure of 10.23 million. Tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 222,000 from the preceding figure of 211,000.
Furthermore, Germany GfK Consumer Climate (Jan) is scheduled for today at 07:00 UTC.
The currency pair has been trending positively for about 30 days. Having set a significant low of 0.9596 2 months ago, Euro-Dollar is trading 10.73% higher.